A new blog post on why money printing does not necessarily pump stock prices.

CB reserves by themselves are not that telling.

Warning: A balance sheet storm inside!

@JukkaLepikko @ahokasjaj @MonetaryWonk @mtmalinen

https://juliusinfinance.blogspot.com/2020/04/why-cb-balance-sheet-expansion-during.html
@THUotila look at dem figures this time, progress?? 😏
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